On July 28, CK Hutchison Holdings Limited announced that in relation to a transaction involving Hutchison Port Holdings Group, the company confirmed that the exclusive negotiation period between the group and a consortium as stated in the company’s announcement on March 4 had expired.
Although the deadline has expired, the Group is still in discussion with the consortium members and intends to invite major strategic investors from mainland China to join as important members of the consortium. In order for the transaction to obtain approval from all relevant regulatory authorities and departments, the members of the consortium and the transaction structure will need to be changed. The Group intends to reserve sufficient time for relevant discussions to reach a new arrangement.
CK Hutchison stated that the company has repeatedly declared that it will not engage in any transactions without the approval of all relevant regulatory agencies and departments.